Forex robot TFOT – algorithm explanation
Forex robot TFOT contains several modules:
• Scalping strategy
• Breakdown strategy
• BackPropagation Neural Network
• Forex news filter
Trading signal can be generated by scalping strategy or (and) breakdown strategy.
If signal generate scalping strategy,
robot will check all important news for EUR and USD currencies, and if in the near future there are no important news,
robot will open order.
Robot will open order with full lot size ,if neural network passes a signal and with 50% (adjustable)
of lot size if neural network did not pass a signal.
For this strategy we use trailing stop loss based ATR indicator.
Same algorithm for breakdown strategy, but with one exception: we do not use news filter for this strategy.
News module based on FF news indicator.
Indicator loads news calendar from forexfactory website.
News module has a
lot of adjustable parameters:
On = true; Filter by